YIT Oyj

Ticker/ISIN
YIT
FI0009800643
Marknad/Land
Main Market, Helsinki
Sweden

Om YIT Oyj

YIT leads the way in construction field by creating more attractive and sustainable urban environments in Finland, Russia, the Baltic countries, the Czech Republic and Slovakia. YIT builds housing, business premises and infrastructure, develops entire areas, and offers residential service concepts for consumers. YIT has over 100 years of experience and a strong market position: it is the largest residential construction company in Finland and the most significant foreign residential construction company in Russia. YIT is also one of the largest business premises and infrastructure construction companies in Finland. YIT has more than 6,000 employees in seven countries. In 2012, the company’s revenue was approximately EUR 2.0 billion. YIT’s shares are listed on NASDAQ OMX Helsinki.

Senaste sammanfattade pressmeddelande från YIT Oyj

YIT Corporation will release its Financial Statements Bulletin for 2024 on February 7, 2025, at 8:30 a.m. EET. The information will be available in Finnish and English on their website. A webcast and international telephone conference will be held at 10:00 a.m. EET, featuring presentations by President and CEO Heikki Vuorenmaa and CFO Tuomas Mäkipeska. The webcast can be accessed online, with a recording available afterward. Participants can join the teleconference by registering online, where they will receive access details. The event is intended for investors, analysts, and the media. YIT is a major construction and development company, employing around 4,300 people across eight countries, with 2023 revenue of EUR 2.2 billion. Their shares are listed on Nasdaq Helsinki.
YIT Corporation's Shareholders’ Nomination Board has proposed several items for the Annual General Meeting on April 3, 2025. They suggest electing a Chairperson, Vice Chairperson, and four ordinary members to the Board of Directors, with fees remaining the same as the previous year. They recommend that 40% of the annual remuneration for Board members be paid in YIT shares, purchased from the market. The Nomination Board also proposes meeting fees of EUR 800 for regular members and EUR 1,600 for chairpersons per meeting. Jyri Luomakoski is proposed for re-election as Chairperson, Casimir Lindholm as Vice Chairperson, with Anders Dahlblom, Sami Laine, Kerttu Tuomas, and Leena Vainiomäki as ordinary members. The Nomination Board emphasizes the competence and independence of the proposed members, except Anders Dahlblom, who is dependent on a major shareholder. Essential information about the candidates will be available on YIT's website. The Nomination Board was established in 2016 and includes representatives from YIT’s largest shareholders. YIT Corporation is a leading construction and development company, employing about 4,300 people across eight countries, with a revenue of EUR 2.2 billion in 2023.
YIT Corporation has been selected as a partner by the Turku Tramway Alliance for the project management contract of the Port of Turku-Varissuo tramway line's depot and power supply station structures. The main clients are Turun Raitiotie Oy and the City of Turku, with service providers including NRC Group Finland Oy and others. YIT's role in the development phase is to manage the planning of the depot and power supply station buildings to create cost-effective solutions and set a budget target with the alliance. The project’s continuation depends on the Turku City Council's decision to invest in the tramway by the end of 2025, with a preliminary budget of EUR 30 million. YIT was chosen for its expertise in depot construction, having been involved in similar projects in Tampere and Helsinki. The project aims to ensure reliable tram operations with functional depot facilities and power stations that fit the cityscape and minimize construction disturbances.
YIT Corporation announced the construction of Asunto Oy Raaseporin Norra Marina, a row house and apartment building project located at Ekenäs’ North Harbor. Construction began in December 2024, with completion expected by December 2025. The project, valued at approximately EUR 13 million, includes 34 homes—12 row houses and 22 apartments—spanning about 3,100 square meters. The development offers a seaside location with easy access to Ekenäs’ services and features environmentally friendly designs, including geothermal heating and solar panels. Most parking spaces will support electric vehicle charging. The housing project has attracted significant interest, with two-thirds of the apartments already reserved. YIT Corporation is a leading construction company with a focus on sustainable development, employing around 4,300 people across eight countries.
YIT Corporation has begun constructing a self-developed apartment building, Asunto Oy Tampereen Ohjaaja, in the Tohlopinranta residential area. The construction started in November 2024 and is expected to finish by December 2025. The project, valued at approximately EUR 11 million, will be recorded in YIT's order book for the fourth quarter of 2024. The six-storey building, located on the shore of Lake Tohloppi, will consist of 38 apartments ranging from 23 m² to 100.5 m², all featuring balconies. The building will incorporate environmentally friendly features, including water-circulating ceiling heating panels, district heating, solar panels, and renewable electricity during construction. It will also facilitate green living choices for residents and minimize construction waste. The area offers natural surroundings with access to recreational activities. Upon completion, traffic will be redirected to create a green park area, enhancing the district's appeal. YIT is a major construction and project development company with over 110 years of experience, employing around 4,300 professionals across eight countries.
YIT Corporation announced a contract to construct a rental building in the Kangas urban development area near Jyväskylä's center. The building, subsidized by Finland's Housing Finance and Development Centre (ARA) and owned by A-Kruunu, began construction in December 2024 and is expected to complete in January 2026. The contract is valued at approximately EUR 11 million and will be added to YIT's order book for Q4 2024. Located at Rullakuja 3, the eight-storey building will include apartments, commercial space, common areas, and storage facilities, covering about 3,700 square meters. It will meet energy class A requirements and feature solar panels. The design is inspired by the former Kangas paper mill, part of Jyväskylä's significant urban development project, Kangas, which was named District of the Year 2024 by the Finnish Local Heritage Federation. The area is close to recreational areas and city services. YIT's regional director, Marjaana Nissilä-Ryytty, and A-Kruunu's construction director, Leena Aho-Manninen, highlighted the project's importance and collaboration. YIT is a major construction and project development company, employing about 4,300 people across eight countries, with a 2023 turnover of EUR 2.2 billion.
YIT Corporation announced it has signed a EUR 100 million contract with XTX Markets to build a large-scale data center in Kajaani, Finland. The project, covering about 15,000 m², will include a data hall, loading and office buildings, and a maintenance facility. This development will enhance Kajaani's data center ecosystem. XTX Markets, a leading algorithmic trading firm, selected Kajaani to support its computational needs. Aleksi Laine from YIT highlighted the significance of the project for the local region and Finland's appeal for large-scale data center investments. YIT is a major construction company with operations in eight countries and a 2023 revenue of EUR 2.2 billion.
YIT Corporation has signed a project management contract with Hitachi Energy to construct a new production and technology center in Mustasaari, Finland. The project, valued at approximately EUR 105 million, includes facilities for product development, testing, and a high-tech transformer production center to double Hitachi Energy's transformer production capacity in Finland. The construction, covering around 44,000 square meters, will start in February 2025 and is expected to be completed in early 2027. This initiative is part of Hitachi Energy's investment in sustainable energy and aligns with YIT's strategy to support green energy transition and Finland's electricity supply security.

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Nyheter för investerare: YIT expands its operations in the Czech Republic to the city of Brno

YIT Corporation announced its expansion in the Czech Republic through a joint venture with RSJ Investments. The venture involves purchasing land and developing a residential project in the Židenice area of Brno, the Czech Republic's second-largest city. Both YIT and RSJ Investments hold equal shares in the joint venture, which aims to build approximately 750 apartments across seven phases, with construction starting in spring 2025 and completion expected by summer 2031. The project's estimated market value exceeds EUR 200 million. The location offers scenic views, greenery, and convenient access to the city center. The collaboration allows for efficient capital use and strengthens YIT's presence in the region. YIT is a prominent construction and development firm with operations in eight countries, employing around 4,300 people and generating EUR 2.2 billion in revenue in 2023.

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Nyheter för investerare: YIT laajentaa toimintaansa Tšekissä Brnon kaupunkiin
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Nyheter för investerare: YIT to execute a housing company for TA-Yhtymä in Kera, Espoo

YIT Corporation announced an agreement with TA-Yhtymä to construct Asunto Oy Espoon Kipsimestari, an ARA-funded project in Kera, Espoo. The project includes two apartment buildings and the sale of the plot, valued at approximately EUR 12 million, to be recorded in the last quarter's order book. The development will cover about 3,700 square meters and consist of 48 apartments, primarily family-oriented with features like glazed balconies. It will also include a bicycle maintenance room and a shared recycling room. This is YIT's second project in the Kera area, which is designed as a modern, community-focused urban space. YIT is a leading construction company with a history of over 110 years, employing around 4,300 people across eight countries, with a 2023 revenue of EUR 2.2 billion. Their shares are listed on Nasdaq Helsinki.

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Nyheter för investerare: YIT urakoi TA-Yhtymälle asuntoyhtiön Espoon Keraan
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Finansiell kalender: YIT Oyj:n tulosjulkistukset ja varsinainen yhtiökokous vuonna 2025
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Finansiell kalender: YIT Corporation's financial reporting and Annual General Meeting in 2025

YIT Corporation announced that it will release its Financial Statements Bulletin for 2024 on February 7, 2025. The complete Financial Statements for 2024 will be available by the end of week 11 in 2025. In 2025, YIT will also issue two Interim Reports and a Half-Year Report: for January-March on April 29, for January-June on July 25, and for January-September on October 30. YIT observes a silent period before each report, starting on January 1, April 1, July 1, and October 1, until the respective report is published. The Annual General Meeting is scheduled for April 3, 2025, with the Board of Directors to summon it later. Shareholders wishing to propose agenda items for the meeting must submit them by January 10, 2025. YIT is a major construction and development company with over 110 years of experience, employing around 4,300 people across eight countries, and had a revenue of EUR 2.2 billion in 2023. Its shares are listed on Nasdaq Helsinki. For more information, Essi Nikitin, Vice President of Investor Relations, can be contacted.

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Interimsrapport: YIT:n osavuosikatsaus tammi-syyskuu 2024

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Interimsrapport: YIT's Interim Report January-September 2024

YIT Corporation reported improved profitability across all segments in the third quarter, with a positive cash flow. The order book decreased to EUR 2,736 million, with 77% sold. Revenue fell to EUR 453 million, with declines in Housing and Business Premises but an increase in Infrastructure. Adjusted operating profit rose to EUR 26 million, supported by strong performance in contracting and Housing Baltic and CEE. Operating cash flow after investments was EUR 2 million, and net interest-bearing debt decreased to EUR 789 million. The transformation program achieved cost savings of EUR 41 million, exceeding targets. Despite challenges in the Finnish housing market, YIT remains optimistic about future growth, particularly in Central Eastern Europe. The company plans to continue focusing on strategic priorities and operational improvements, with an updated strategy to be announced in November. YIT's adjusted operating profit for 2024 is expected to be between EUR 20-60 million, with positive operating cash flow after investments.

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Nyheter för investerare: Uusia korkealaatuisia koteja halutulle asuinalueelle - YIT käynnisti asuinkerrostalon rakentamisen Mustasaaressa
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Nyheter för investerare: New high-quality homes in a desirable area - YIT launched construction of a residential apartment building in Mustasaari

YIT Corporation has begun constructing a residential apartment building named Bostads Ab Korsholms Bergius Asunto Oy in Mustasaari near Vaasa. This six-storey building will include 40 flats, each with a balcony, and spans approximately 3,000 gross square meters with a project value of about EUR 9 million. Scheduled for completion by the end of 2025, the building meets energy class A standards and will use renewable energy during construction, with at least 75% of waste being recycled. The flats will range from 27 to 102.5 square meters and feature high-quality materials and appliances. The development will include amenities like an outdoor gym, recreational space, and a play area, with several parking spaces equipped for electric vehicle charging. YIT's Area Manager, Mikael Snellman, expressed enthusiasm for the project, highlighting its park-like setting and proximity to local services. YIT is a major construction and project development company with a 2023 turnover of EUR 2.2 billion, employing around 4,300 professionals across eight countries.